UniCredit announces that, through its subsidiary UniCredit Bank d.d. Mostar, it has reached an agreement with EOS MATRIX d.o.o., BiH, part of the EOS Group, to on a non-recourse basis (pro-soluto) sell a portfolio composed of secured and unsecured non-performing loans granted by UniCredit Bank d.d. Mostar to SME's and Corporate customers.
The portfolio consists entirely of Bosnian loans with a Legal Claim value of approximately €17,5 million.
The sale is part of UniCredit Group's on-going strategy to reduce non-performing exposure ("NPE").
The impact is expected in the accounts by the end of the 2021.
Milan, 14 October, 2021